How much tax on a ₹35 lakh salary?
Based on these numbers, tax payable is about ₹6,31,800 under the new regime versus ₹8,81,400 under the old regime — the New regime works out cheaper here.
Old vs new tax regime — FY 2025-26 / FY 2026-27
The new regime (default since FY 2023-24) uses wider slabs, a ₹75,000 standard deduction, and a rebate that makes taxable income up to ₹12 lakh tax-free, but does not allow 80C/80D deductions. The old regime allows those deductions but has narrower slabs. Budget 2026 made no changes to either regime’s rates. This calculator ignores surcharge, which only applies above ₹50 lakh income.